Community bonds are a proven social finance tool that generate both financial and social returns.

They allow supporters and community members to lend funds much in the same way a traditional bond allows investors to lend funds to corporations.

Community bonds keep investment dollars in the community, with flexible terms that allow us to structure our offering to match our ability to pay back local and supportive investors, rather than banks.

You can read more here about how se kinds of investment have build community wealth in other towns and cities across Canada.

We’re currently in the structuring phase of our bond issue, which means we and our advisory team at Tapestry Community Capital are doing all of the due diligence necessary to ensure the bonds are a good community investment and ready for sale.

We hope to launch bonds for sale in early spring 2025.

Interest on some bonds will be compounded annually and paid at maturity (after three or five years, depending on the bond).

This community investment is being used to bridge the gap between when we start construction and when our lender can advance funds from our construction loan.

The bond becomes part of the estate of the deceased bond holder and MCLT will fulfill any outstanding interest payment and refund the principal when instructed by the executors of the estate. Transfer of the bond to another individual requires the approval of the MCLT Board.

Absolutely! We recognize that lots of people don’t have enough to make ends meet, let alone invest, and there are tons of other ways you can build community wealth, including talking to your elected officials about our work, volunteering, inviting us to speak at an event, or dropping by to say hello when you see us out and about in Muskoka!